Clearwater International acted as sole financial adviser to NORD Holding Unternehmensbeteiligungsgesellschaft mbH and the management on the sale of 100% of the share capital of Paper + Design Beteiligungsgesellschaft mbH to German private equity investor HANNOVER Finanz Group.
The enlarged Management Team again holds a minority share in the company.
Paper + Design Group is regarded as creative force and leading producer of high-quality decorative table setting products such as napkins, table cloths, candles and other accessories. With approx. 200 employees at its headquarters in Wolkenstein (Germany) Paper + Design today generates sales of €36m supplying customers in over 80 countries worldwide.
Clearwater International, led by partner Axel Oltmann, advised NORD Holding and the management of Paper + Design.